Casey’s General Stores (NASDAQ:CASY) Director Allison Wing Sells 530 Shares

Casey’s General Stores, Inc. (NASDAQ:CASY) Director Allison Wing sold 530 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $837.58, for a total value of $443,917.40. Following the completion of the sale, the director owned 3,042 shares in the company, valued at approximately $2,547,918.36. The trade was a 14.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Casey’s General Stores Trading Down 0.3%

Shares of NASDAQ:CASY traded down $2.17 on Friday, hitting $819.83. 272,113 shares of the company’s stock were exchanged, compared to its average volume of 558,474. The stock has a market capitalization of $30.34 billion, a price-to-earnings ratio of 42.79, a price-to-earnings-growth ratio of 2.46 and a beta of 0.62. Casey’s General Stores, Inc. has a 12 month low of $490.00 and a 12 month high of $927.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. The business’s 50 day simple moving average is $823.60 and its two-hundred day simple moving average is $722.17.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.63 earnings per share. Analysts anticipate that Casey’s General Stores, Inc. will post 21.14 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be paid a $0.65 dividend. The ex-dividend date is Friday, July 31st. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s payout ratio is currently 11.90%.

Casey’s General Stores News Summary

Here are the key news stories impacting Casey’s General Stores this week:

• Positive Sentiment: Jim Cramer said he would “buy 10 shares” of Casey’s General Stores every three weeks, which may reinforce a constructive long-term view among retail investors. Jim Cramer Suggests Buying 10 Casey’s Shares Every Three Weeks
• Positive Sentiment: Casey’s recently boosted its quarterly dividend to $0.65 per share from $0.57, signaling confidence in cash flow and shareholder returns.
• Positive Sentiment: The company’s latest earnings beat expectations, with revenue and EPS both coming in above estimates, which continues to support the stock’s longer-term strength.
• Neutral Sentiment: Short-interest data showed 0 reported shares, so there is no meaningful bearish short positioning signal in the latest update.
• Negative Sentiment: CEO Darren Rebelez sold 19,000 shares, a sizable reduction in his holdings, which can weigh on sentiment even if the sale was preplanned or personal. SEC Filing
• Negative Sentiment: CFO Stephen P. Bramlage, Jr. also sold 5,700 shares, adding to the impression that insiders are taking profits after the stock’s recent rally. SEC Filing

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CASY. BMO Capital Markets upgraded Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $950.00 price target for the company in a report on Monday, June 29th. Evercore restated an “outperform” rating and set a $990.00 price objective on shares of Casey’s General Stores in a report on Friday, June 12th. Weiss Ratings raised Casey’s General Stores from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday. Capital One Financial started coverage on Casey’s General Stores in a report on Monday, June 22nd. They issued an “equal weight” rating and a $896.00 target price for the company. Finally, Royal Bank Of Canada increased their price target on Casey’s General Stores from $794.00 to $850.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 25th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $939.29.

Hedge Funds Weigh In On Casey’s General Stores

Institutional investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division lifted its holdings in Casey’s General Stores by 52.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after buying an additional 19 shares during the period. True Wealth Design LLC increased its holdings in shares of Casey’s General Stores by 350.0% in the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of Casey’s General Stores in the 1st quarter valued at $33,000. ORG Partners LLC raised its position in shares of Casey’s General Stores by 47.6% in the 4th quarter. ORG Partners LLC now owns 62 shares of the company’s stock worth $34,000 after acquiring an additional 20 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC bought a new position in shares of Casey’s General Stores in the 3rd quarter worth $35,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.